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7601 Eads Ave
La Jolla, CA 92037

$10,000,000 USD

Apartments For Sale • 19,612 SF

Property Details

Property Type Apartments
Total Building Size 19,612 SF
Lot Size 0.29 AC
Building Class C
Year Built 1970
Cap Rate 3.58 %
Zoning R3

32 Transit Score

98 Walk Score

                
                    Highlights
                
                                12 Large 2BR/2Bath Units Averaging ~ 1,025 SF
                            
                                20% Below Market Rents
                            
                                Turn-Key Meticulously Maintained by Long Term Ownership
                            
                                Located in the heart of the Village in La Jolla
                            
                                In unit Laundry, walk in closets, fireplaces
                            
                                Current Ownership not charging for RUBS, Parking or Storage Lockers

Financial Summary (Actual)

Net Operating Income: $514,819 USD (2024)

Cap Rate:	3.58 %
Total Expenses:	$208,781 USD

Amenities

Washer/Dryer
Ceiling Fans
Walk-In Closets

Public Transportation

Commuter Rail	Drive	Walk	Distance
Sorrento Valley (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	14 min	-	7.5 mi
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	15 min	-	9.7 mi
Airport	Drive	Walk	Distance
San Diego International	18 min	-	11.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	20
Type:	Covered
Included in Rent:	Yes

Thomas McCartin 858-373-3196 The McCartin Group

7601 Eads Ave La Jolla, CA 92037